Research

"Net absorption reached 1.0 million square feet (msf) year to date. The East submarket led leasing activity, anchored by RK Industries’ 278,812-square-foot renewal at 20101 East 36th Drive, the largest deal of the quarter."

"Nashville’s vacancy rate held steady at 6.2% in Q3 unchanged quarter over quarter, as 0.5 million square feet (msf) of net absorption outpaced 0.3 msf of new deliveries, reflecting continued market balance and steady demand."

"Vacancy stabilized at 6.2% in Q3 2025, down slightly from a peak of 6.3% earlier in the year. The rate has held within a narrow 10-basis-point range since Q1, indicating balance between new deliveries and tenant demand."

"Vacancy rose to 9.3% in Q3 2025, up from 7.3% one year ago, as newly delivered space entered the market largely unleased. Net absorption totaled 0.2 million square feet (msf) year to date, well below 4.2 msf in Q3 2024."

"Sentiment is improving amid stronger leasing, yet trade policy and elevated construction may delay recovery."

"Deliveries continue to push vacancy upward, reaching 14.9% in Q3 2025. The market saw 8.7 million square feet (msf) delivered in 2025. With approximately 15.0 msf under construction, vacancy will likely continue to increase. "

"Industrial vacancy in the region increased by 230 basis points (bps) over the past year to 8.8%, as demand remained soft amid ongoing macroeconomic uncertainty"

"Asking rents continue their upward climb, rising 6.0% year over year to reach $10.41 per square foot (psf)."

"Vacancy increased by 90 basis points (bps) in the first quarter to 9.0%. The Orange County industrial market recorded negative absorption, totaling -1,160,150 square feet (sf). "

"Industrial vacancy ticked up again, increasing 150 basis points (bps) over the past year to 8.5%, up from 7.0%, primarily due to sluggish demand in the region as a whole."